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On December 19, 2011, the U.S. Centers for Medicare &
Medicaid Services (CMS) published a proposed rule to implement the
Physician Payments Sunshine Act, which was included as part of the
Patient Protection and Affordable Care Act of 2010. The Physician
Payments Sunshine Act imposes new reporting and transparency
requirements with respect to financial relationships between
physicians, institutional providers, biomedical manufacturers and
group purchasing organizations. In the proposed rule, CMS indicated
that it hoped to issue a final rule in time for regulated parties
to begin to record required information in 2012.
Citing its commitment "to addressing the valuable input
received during the comment period, and to ensuring the accuracy of
the data collected," and in light of the practicalities of
providing regulated parties with sufficient opportunity to prepare,
CMS announced on May 3, 2012, that it will not
require data collection by applicable manufacturers and applicable
group purchasing organizations before January 1, 2013.
CMS stated that it has received more than 300 comments from a
diverse group of stakeholders, but still intends to issue the final
rule in 2012.
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Whether you are an employer that provides health insurance for your employees, a business in the growing healthcare industry, a hospital, or other medical provider—or you provide services to any of those entities—you need to know about changes to the privacy and security rules under the Health Insurance Portability and Accountability Act of 1996 (HIPAA).
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